The administration of the 14 hotels and 13 pubs formerly operated by Elizabeth Hotels is almost complete, with the sale of the final two hotels in Suffolk expected in the next fortnight, writes Paul Charity. KPMG was appointed administrator in December 2009 after a winding up petition was served in respect of £1.5m on unpaid VAT, wages and national insurance liabilities. Buyers have been found for the entire portfolio with only the sale of the Copdock in Ipswich and the Limes in Needham Market outstanding. A spokesman for KPMG said: “Despite the tough economic environment, minimal redundancies have been made and value has been preserved through trading and selling the businesses as going concerns. “We continue to deal with the two remaining hotels in the portfolio and are hopeful of concluding the sales process in the next few weeks.” The company and its subsidiaries were owned by millionaire Richard Cattermole. KPMG’s role as administrator has been extended to July 2011, but looks set to be complete earlier.

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